Smart Cash: Why This Coin Could Be In The Top 10 Soon / Name Bazaar / Coinbase & GDAX- Bitcoin Forks

[Music] hello everyone and welcome back to cryptos news so good to have you guys here live we have people like Damian roughly Roni Dee ABS GaN scorpion Lopez who says first cacilie arrow of course thank you man for being here blunt news thanks for the patient guys guerilla rain Kevin we have quite a bit going on of course we’re finally getting that nice sloshing today of the altcoins we talked about yesterday well they seem to be going up and taking some of the market value from Bitcoin not that Bitcoin has suffered greatly at all so generally a pretty good day for the markets I’m happy to see that some coins that went down by a lot are coming back up and we’ll see how this continues this trend really exciting period Before we jump into the topic I want to cover today smart cash that I’ve out to to cover a little bit for you guys let’s go ahead and talk about some of the news real quick so ah the main thing that I want to cover is we’re hearing from coin Basin G Dax concerning the Bitcoin gold fork that happened yesterday and their opinion toward that so I got an email from both coinbase and G Dax / had you did perhaps you did as well where they said that they won’t be supporting the Bitcoin gold hard fork at all whatsoever due to security issues instability issues and that could change in the future based on the man from the community and if the coin survives and and if the market value for Bitcoin gold stays pretty good now we’re continuing to see the price for Bitcoin gold drop it started off around $400 and since we’re seeing it now around 200 something dollars so kind of dropping away support for that and I’ll continue to update you on what is going on we’re in regards to that situation itself let’s see what else here guys so yeah the main thing I wanted to cover as in this video is a smart cache so before we get into that also let me cover a little bit of name bazaar so name bazaar is a service that allows you to trade your aetherium domain service domains or buy one on an on an auction system just like eBay so if you’re not aware it’s pretty awesome that you have the ability to use something called the etherium name service to buy yourself a domain service on the etherium network just like you would on the regular internet so instead of buying a dot-com or net or a dog org they Nick Johnson and company built something called the etherium name service or ENS as most people call it which is decentralized name service that you guys can can buy a dot F address for whatever wallet address you have and link it to something so for example if you don’t want your donation address for your YouTube videos your blog posts to be 0 X 5 y 2 3 P or whatever it is a really long string addresses it could just be something as simple as Britney Abigail 13 dot F if your name is Britney Abigail so that has been around for a little while now and it works on the auction system where you can bid on a domain name and claim it within a certain period and you have to go in there and reveal it and it’s pretty exciting right to be able to eventually own your own domain and get ready for the internet and owning these domains on the etherium network before everybody else does right so people are buying Christmas F people are buying everything dot F guys shout out to you crypto to crypto DC and everybody else here in the chat thank you greetings to all of you but yeah so I think it’s really incredible that today we’re hearing about this name bizarre so basically on eBay so you guys can trade these domains that you might have purchased for yourself or pick one up now so you basically if you know how to use eBay is what they’re saying then you know how to use this service you can automatically watch different names so if you want any sort of domain that is like related to Christmas you can automatically get a notification on your phone that’s pretty neat you can bid on stuff see what the current auction is at sell stuff sell your own domains and it all works in decentralized format via smart contracts to transfer ownership of that domain so make sure you check out the the new name Bazaar service if you are interested now we’re gonna get into the juicy stuff that some guys have have how many of you have been asking me about which is smart cash so smart cash to jump right into it you know it’s one of those coins that is actually looking really really interesting to me and so I’m gonna present it to you thank you decentralized the shoutout to decentralize who’s always here in the shots in in the chats donating and he kind of filled me in a little bit about what smart cash is and so I want to pass that knowledge forward to you guys so let’s go ahead and take a quick look at what is going on here together so let’s see we’re looking at smart cash let me see if you guys can see this I believe you can so smart cash right now it’s currently at a forty three million dollar market cap so nothing too low but really not that high yet I think it’s one of those coins and I’ll get into why that could very well hit the top top ten at least the top fifty and as I currently rank 98 right now so not that much volume in the last 24 hours but it’s a really exciting coin for the community and let’s see why but first of all look at this chart right here I mean it’s showing a clear uptrend have this nice spike up here and it looks like it’s about to return to the average right here so might be a good point definitely not investment advice I just want to definitely say that but just looking at this line right now which I ran into right before making this video it looks like just from a trading perspective like an interesting coin to be holding for the near term so let’s go ahead and hit the website what is smart cash so this project was made basically a community project they don’t even have a white paper to be honest which kind of deterred me at first I kept looking for it but I realized it was just it’s really a community coin and so the even the thought of writing a white paper to them was just like you know it was too corporate in a way for them and they’re really trying to stay grassroots so this is a kind of zero coin fork so uses zero coin protocol which is one of the most private encryption methods for crypto currencies that currently exists using these elliptical curves and zero knowledge proof that ucz cash doing you see zen cash doing ucz classic doing and really it takes that privacy and it also layers on some of the awesome benefits you see with something like – so the ability for the community to fund different proposals and to allow people to get paid in smart cash just for doing something really awesome to the community and get rewarded right out of the blockchain or one of the most exciting things which is something called smart rewards which allows you to basically keep 1,000 smart cash in your wallet and get rewarded in like a dividend or an airdrop every single month just for not moving 1,000 smart cash from your address and you get rewarded for it out of a little bit of out of the block reward that comes out of there Soper looks pretty exciting and it also has a proof-of-work algorithm that is resistant to ASIC mining chips this kick sack key can you pronounce it K ECC ACK I believe it is and it’s an algorithm that they have not made yet the ASIC chips for but you know they could be available at some point let me make sure we’re all still good in the future so not ruling that out before right now it should be good if you have a graphics cards and you want to mine it however it’s really about the community as I mentioned before so they’re giving something like you see here the block reward split the miners only get 5% of the block reward so they’re very small part of the equation but they are still part of the equation so I think you do need some sort of economic and sensitive incentive to people who are validating transactions so that is extremely interesting only 5% of the miners however they’re giving 80% to the teams and to the community so pretty much most of the money goes toward funding the teams that are developing the project to the to outreach in the community and to different projects so it’s a proposal so you guys could say yeah like we said it with – I am going to be climbing the Empire State Building while wearing a smart cash t-shirt well you guys shoot me five grand in smart cash out of the next proposal and if it gets approved then you get that smart cash as long as this hopefully you continue you actually do what you say you’re gonna do and what’s interesting is that if you’re holding once more cash that counts as one vote so you don’t need to be running like with what like two is the case with something like – 1000 – which is very very expensive these days in order to get one vote you can get a vote by holding one smart cash so that’s really exciting there in order to open that up for people and also you’re looking at this decentralized governance structure using these HSTs as high governance structures whereby if teams get to about 8 members they can expand and then hire more people and so you have not just one corporate top-down structure but really kind of like a hive where you have the community in charge of everything it’s really everyone instead of just one party in the center which i really like these hive structuring teams also you have this smart voting we just covered and the smart rewards which are paid out on the 25th of every single month automatically basically if you hold 1,000 smart cash in a wallet and you do not move it let’s say you put it in on the 24th of the month you won’t get it on the next day you won’t get on the 25th you’ll have to wait at least a month before that payout so what they do is they take a snapshot and they see which wallets have 1,000 smart cash on the 25th and one month from then they go ahead and they give them a reward which is equivalent of 15% of the block rewards a pretty significant there and actually more than mining so it’s it’s almost like a proof of stake where by locking something up and and decreasing the supply available out there you’re actually giving value to the market of smart cash while also getting a dividend reward for not moving it so that’s pretty exciting as well and so if let’s say on the 24th you were to put 1,000 smart cash into your wallet you would get it in about 31 days your smart cash as reward however if you put it on the 26 so the day after the snapshot which happens on the 25th then you would have to wait about two months or 60 days about before you would get that reward so we’re seeing that today is a 24th there might be an interesting time actually I just noticed the day to begin to get into smart cash since you’ll get their order in about a month and this is also spectacular here this renew feature which is already live and what it does is something I haven’t heard of done before I don’t know about you guys let me know which is that they take if you want to basically make your coin super private and hidden and you don’t want any transaction history because it automatically does have transaction history if you’re using smart cash you can look at the block and you can see where coins are moving and that’s great for what they’re trying to do which is mainstream merchants adoption so you can use this smart cash platform for micro payments for small tiny payments that are fractions of something for perhaps watching something for a second you could charge for that using the system or if a merchant wants instant payments like you can see down here it’s gonna be instant it’s gonna be blazing fast is what they’re trying to do I don’t believe it’s live just yet but they’re trying to make it instant point of sales you don’t want to have to wait 10 15 minutes for confirmation when at a gas station or at a supermarket paying for something you want it to be right away so they’re saying this is actually gonna be faster than Visa or MasterCard or any of these payment processors that currently exist but this renew feature is wonderful because what it does is you’d say I want to delete my transaction history on these coins it’ll basically take your coins send them to an anonymous address and then create new coins for you in that moment with no transaction history and therefore you get to keep the privacy of your finances in some more cash so that’s also rewarding to have and they’re saying you know it disables tracking from services like coin firm which we know like to actually look even at private supposedly private blockchains and analyze what they’re doing and they can track individuals like that so if you are interested in privacy this is also a wonderful coin for that instant pay as we talked about this is the road map that they’re looking at right now and you see that they already have renew the small rewards are live already they did I believe the first payout last month web wallet over here so you can already access the wallet I believe the West website is wallet dot smart cash dot CC you can create your wallet out there you can get to voting and they’re gonna be working on mobile wallets Nexo on your phone that’s gonna be great instant pay after that smart notes I’m interested to see what that is adaptive blocks and then merchants tools so that’s like the big mainstream area up here but I do feel like this is a coin that you have the but you have the ability to get in on the ground floor as I said this chart looks pretty good there is quite a supply left to come in but the fact that you can lock them up for a long time is great especially if for example you have it’s only six cents for a token right now you want to get a thousand of them and then just get a nice reward over time and even not even think about it maybe you’re invested in a bunch of different coins and you just want to see which one’s gonna go up at least you’re gonna get a bunch of extra coins just for holding this one and I think that’s positive also it’s wonderful to see that they help the community to grow by literally funding proposals which I’ve talked about when I was at the – conference is one of the most exciting things in blockchain right now that is happening which is the blockchain itself is paying out to grow its own network so it’s basically giving away stuff for free and I like to see projects that give and therefore get because it’s all about community and this is one of those coins that I’m seeing from the community has a good vibe about it has that growth potential and has great governance with excellent features built into it right away aiming for the mainstream so I can’t see based on their current track record why they couldn’t be much higher and they’ve already done a lot of stuff and I’m curious to know what you guys think what do you guys think about smart cash let me know in the comments below let’s go ahead and take a quick look at the chat and maybe there’s something I missed there maybe you’re a fan maybe you’re not such a fan let’s see why okay yeah Jackie frontier crypto doesn’t do sponsored videos anymore I do not do sponsored videos and I was not paid for this and they’re actually speaking of sponsored actually there is something whereby if you were to make a piece of content a blog post longer than or a video longer than 30 seconds then you can actually I believe they’re having a bounty right now or you up to them you put a link to it and you can get a reward of between I believe 50 smart cash and 1000 smart cash so not bad right there you can get your own wallet just for writing something on steamin or whatever it is about some more cash so that’s an easy way to get some free cash right now but yeah I mean maybe I will put a link to this video to them and say hey loads of small cash can I please get some small cash I would like some small cash but I have not been paid to do this video at all okay so crypto Haven says what do you think is the best coin for big cash generally if you want to I mean that’s a good question I can’t never promise investment advice I have no idea right now I’ve looked at a few coins so if somebody actually the guy that created the software which I used to mine a theory on before or Z cash when I used to mine Z cash in Z classic his name is FX minor FX minor on Twitter yesterday said have you taken a look at bitcoins EBT z or BTC Z and I looked into it and I realized remaining something like 2,500 coins every 2.5 minutes of their blocks something crazy and I thought this inflation is huge I mean you’re seeing what I think I did the numbers it was something like 300,000 a day being created and I said you know this is a scam I mean clearly it’s for the miners so even though has a low market cap it’s not a good coin but generally what you want to do is find a good coin that has a lower market cap you know not in the hundreds of millions not in the billions preferably under you know 50 million if you can find a good coin with a good team then you’re gonna be I I think doing really really well but I think smart cash itself due to this video has a lot of potential to be honest I’m not just saying that but looking at it I I literally looked at a bunch of white papers yesterday and I read and looked up information on a bunch of teams and this was the only one that to me was like oh let me go ahead and share this because this looks like an interesting project and I would like to share with people even if it has a little bit higher of a market cap you might not get as big of a return as you would betting on the real biggest coin in the lower market cap but this one looks really really interesting and they’ve already done the work and they continue to do so Zen cash also I really like thank you David oh yeah thanks for the shirt comment yeah Alberto trust the ledger resist this is from crypto King clothing he shot me some free shirt so you can get a link in the description below if you’re interested in picking up some of his awesome awesome shirts and please tell jay I say hi if it gives you like a note section down there oh yeah cuz he’s been a supporter of this channel forever and he always sends me shirts just to wear so I appreciate that half my closet is like – shirts and crypto King clothing shirts now where is Wallace at somebody wants Wallace uh yeah would you mind be gold I would not mind be gold I’d rather mine smart cash right now or Zen Cash that’s probably what I’ll be doing okay guys so I’m going then cash is the yeah everybody wants the balls in cash I love Zen cash I’m telling you I was mining Zen cash at day one I was telling people about Zen cash which was a fork of Z classic which was a fork of Z cash I was mining Z cash day one then I saw Z classic had less than a million dollar market cap I said guys this going in this coin is probably gonna go insane you might want to look at it and sure enough it shot insane and then it forked into Z into Zen and now Zen cash has just an amazing community Jain Olympic Lippincott Rolfe robbed some really cool people and they’re trying to keep it grassroots again just like we’re seeing with smart cash it’s all about the community so about the vibes and you can also make proposals to them and get yourself funded if you’re interested with Zen Cash I don’t get funded by them specifically but I like the project I like the team and I continue to follow it it’s a coin I definitely like Dennis Turk smart cash has a value of five billion go Neil yeah a max value of five billion but that’s over time and that’s also gonna be locked up but yeah definitely something to consider which is does have a lot of inflation coming out again Sean Sean I didn’t get paid by some more cash for this advertisement I just wanted to share with you guys looks so different everything looks dark-themed engaged with the Alienware laptop haha yeah we put a nice warm light from behind to be the backlight so that’s why things look a little bit different let me know what you guys think about the lighting as well I’m gonna wrap this video up guys because I’m doing up another video right now I’m getting ready for you which is finally the introduction to cryptocurrency video which is gonna cover a lot of the basics basically my girlfriend Elle and I talked about cryptocurrency and some of the basics and asked questions and answered and gave tips about the best exchanges and a lot of opera I’m you know basic opportunities and questions people tend to have and we did a video buddy at the YouTube space Los Angeles which is the first ever a cryptocurrency video shot in official YouTube location so that’s really really exciting we use their nice high-end equipment and we’re excited to share that with you it’s gonna be up in about 36 minutes please give that a like please share that video to everybody who’s interested in getting started or if you’d like to check it out maybe there’s something you haven’t heard before but you’d appreciate it so please get the word out subscribe if you haven’t below and we’ll continue to give you guys the best opportunities possible so you can position selves well you want to be guys will be at ethereal summit and on Friday so we’ll be driving tomorrow might not have time to make a video but much love to each and every one of you we broke fifty six thousand subscribers and I think it’s because we keep giving we keep giving honest crypto knowledge that’s what this channel is about no money from icos just honest information as we move toward this better future so resist and much love peace guys [Music]

Bitcoin Gold Demystified (Fork Date, Exchange Support, Premine)

what’s up everyone my name is Michael and welcome to box mining today I want to demystify Bitcoin code because there’s a lot of confusion surrounding this project its ideas its pre mine and how to even claim this so I do want to talk about how it’s gonna fork then I’m gonna talk about how to claim your Bitcoin gold and then we’ll talk about the controversy surrounding Bitcoin gold as well and I want to talk about my views on this project lastly so let’s start off with the concept behind Bitcoin gold they want to change the mining algorithm for Bitcoin from sha-256 which is you know as like friendly to equi hash which is GPU friendly so the difference with that is that GPUs are everywhere their graphics processors we all possess them and as they are hard custom hardware the thing with as exists that right now there’s a few big manufacturers of Isaac and the people who want to mine have contracts with them so they can get them for cheap which means that Bitcoin eventually gets a little bit more centralized as the key people the big miners get more control over it the thing with Bitcoin scold is that it’s trying to use the same Bitcoin but decentralize it a little bit more with the GPU mining and it won’t be compatible with a zigg mining so that’s kind of the core difference between Bitcoin gold and Bitcoin the thing is because they want to make this abrupt sudden change they have to do it with something called a hard fork because the regular Bitcoin network will not support this change because the consensus rules has been decided by servers already so that’s why you can try to do a hard fork and they’re gonna cause and create a new coin called Bitcoin gold tada and the name so what’s gonna happen here is a new coin will be created and if you possess any Bitcoin prior to the split that is at 490 1407 then you’re gonna have both Bitcoin and Bitcoin gold the thing is you do have to have possession off those bitcoins so you can put it in say maybe an exit wallet or your ledger s wallet or a paper wallet any of these walls would mean that you have full possession over your Bitcoin and you can eventually claim your Bitcoin go through various processes that I’ll discuss later once the coin is launched but if you have your Bitcoin in an exchange you’re at the mercy of the exchange so some exchanges for example Beatrix has issued a statement that they will be giving you your Bitcoin gold but the fork date is a little bit earlier so they’re gonna take a snapshot a little bit earlier to the actual Bitcoin gold fork date so that’s just because they want to make sure this baton is secure and I’m gonna freeze withdrawals etc there’s also a bit flier which will accept and give you Bitcoin gold as well so it really depends on exchange there are exchanges that completely do not want to give you bitcoin gold because they don’t want to cause the confusion between Bitcoin and Bitcoin gold so it really depends and after the fork it’s gonna be a little bit more clear what’s gonna happen but if you really want to have ultimate control over your bitcoins then of course you might want to move it into your own wallet that’s it if you’re moving it to your own wallet you are responsible for the wall safety so make sure you know what you’re doing so Bitcoin Forks and everyone gets Bitcoin and Bitcoin gold right everyone’s happy because now we created more value well that’s not the full story because there’s a little bit more to that the project has gone through a few iterations they started off with an ICO they wanted to raise money for our project and make a little bit of money on their sides for themselves and then it realized probably that didn’t work very well because it wasn’t very interesting then they have something called a pre mine which is definitely gonna happen so what is a pre miner what’s gonna happen with the Bitcoin gold pre mine well what’s gonna happen is after the fourth block they’re gonna mine it for themselves for 8,000 blocks so they will not allow any put one in from public to mine it they will only allow exclusive developers only to mine this Bitcoin gold so that’s for 8,000 blocks and with each block giving 12.5 Bitcoin goes that means they’re gonna have a hundred thousand Bitcoin goats add their own disposal in their own accounts to spend however way they want so they want to use this to fund this project in the future they have you know put up these sort of expenses to try to explain how they’re gonna spend that pre mine go cryptocurrency but you do have to trust them for that and that that’s the issue and that’s what’s driving a lot of controversy around the project because the project has gone through so many iterations that the developers have lost a little bit of trust with the community and because there’s so much bickering go out there that they possess it might potentially crash the market if they try to offload it all at once so just by a rough estimate if a Bitcoin goat is worth a hundred dollars which is around a 1/3 of the price of Bitcoin cash then that means the developers will have 10 million dollars worth of Bitcoin go to spend at their own disposal which I’m actually quite jealous of I think you know they came up with one simple idea and managed to make quite a lot of money and that’s quite a lot of lamb bowls for everybody there have been attempts to remove the pre mind but I think this is gonna be very difficult because the developers can change the code their own code at any moment before the fork and if they’re mining privately that means you can’t really contribute anyway so it’s pretty much developer exclusive and part of the package now let’s talk a little bit about exchanges because exchanges have issued statements about this so for example Petric said that they will issue our Bitcoin code to anyone who possess and hold Bitcoin on their exchange so they will close off the date a little bit earlier than the actual fork date that’s probably because they want to make sure everything goes on well but they’re gonna give you Bitcoin going on a one-to-one basis other exchanges such as Biff flyer are announcing something very similar as well but not all exchangers are doing this I think it depends on the exchange so if you have a cryptocurrency in an exchange we definitely want to see and ask them what’s gonna happen with the Bitcoin gold Fork so what do I think about Bitcoin gold well I personally think that it’s gonna open the floodgates to even more Bitcoin force in the future Bitcoin cash opened the floodgates they made it a successful case where Bitcoin was forked and the fork stayed alive afterwards and it has value so now if this is successful that means anyone arbitrarily can Ford the network and if they can generate enough media attention then it’s gonna have value and honestly if we keep forking Bitcoin it’s gonna feel like printing money it’s gonna be like bitcoins getting diluted more and more and it’s gonna cost more user confusion in the future so it’s bad for the overall network whilst it might be good for people individual people to gain a little bit of extra Bitcoin gold or a Bitcoin platinum or a big point mobile it does mean that in the future there’s gonna be a lot of confusion when people enter the space and see 50 coins out there and they don’t know which one to buy so it’s gonna be interesting see what’s gonna happen I don’t really support this movement this move because I don’t think that decentralization should be done in this fashion and if you want to have other currencies that are you know more decentralized just like aetherium don’t why not just go for aetherium I don’t see why we need to change Bitcoin and combine that with equi hash there’s also other mining algorithms out there there’s also other coins that use equi hash the miners should be pretty happy at the current state there’s also zee cash that uses echo hash music coin and everything else so having this there yes it’s good for miners yes I am a miner but I honestly don’t think this is good for the ecosystem overall so what do you guys think about the Bitcoin gold Harford is clarify this up do you trust the developers as well because all these statements are issued from the developers side and the thing is we do have to trust them in order to believe this because they might just completely change the code at last minute change the pre mind block numbers and they might be like doubling or tripling the amount they can pre mine it’s just that easy because they have full control of the network during that time so do you trust them so I’d love to hear your comments below and what you think of this whole situation thank you guys so much for watching remember to subscribe to this video and click the notification valve to be updated on the latest discussions and videos on this topic thank you guys so much for watching see you next time

Bitcoin Gold in a Nutshell

what’s up everyone my name is Michael and welcome back to box mining today I want to talk about Bitcoin gold that’s right you heard it right another version of Bitcoin called Bitcoin gold I’m gonna talk about the objectives of Bitcoin gold the mechanics of how to trying to do this and also when it’s gonna happen and what I think about this whole project overall so let’s start off with what they’re trying to do here they’re trying to fork Bitcoin so that is they’re gonna use the transaction history of Bitcoin but after a certain point of time right now it’s designated to be October 25th they’re gonna create a variant a fork in the road and what seconds gonna do is what’s different about this fork is it gonna try another type of mining for it so what we do know is that with Bitcoin mining right now we use something called a six so that’s very dedicated computer chips that are specifically for that the Bitcoin Agra from known as sha-256 what they’re trying to do here is they’re trying to say alright Asics is controlled by a few big companies and what we want to do is you want to instead of you of using ASIC based mining wanna change the algorithm to something called equi hash which is something similar to what aetherium uses and that’s gonna use graphics processors so instead of using a six instead of using these specialized ships we’re gonna use something that’s gonna be more akin to GPUs to mine so it’s gonna be like Bitcoin it’s gonna have a lot of the similar properties a Bitcoin but it’s gonna use GPU mining and it’s gonna be a sick resistant because we know that aqua hash is Jacek resistant the reason why some people don’t like Asics is because that it can be controlled and more centralized by one party right now there’s a producer called bit me which is very popular and they make the fastest and cheapest Asics and as a result they have a huge amount of market share and that results in people just all buying from them and they can also have a huge more portion of the market as well so the project is headed by the Hong Kong company lightning Isaac and they’re trying to replace it with GPU mining what are gonna try to do is they’re using something called a hard fork so a hard fork is when you change bitcoins code the code is very easy well kind of easy to change because it’s open-source you can just readily we need the code right and it’s made the alterations they’re trying to make these alterations on the code and they’re gonna make it incompatible with the current version of Bitcoin that is what a for hard work is known as a hard work is when you implement something that’s not backwards compatible and this results in the chain rejecting each other so one part of the clients would say hey guess what and we’re running this version of Bitcoin and then the other one called Bitcoin gold what say yeah we want to run our version we’re gonna keep our transaction history so anything before I ask before October 25th will be the exactly the same but stuff afterwards would be different so as a result what we’re gonna see is we’re gonna see this chain split it’s gonna become two versions and if you have Bitcoin prior to October 25th you’re gonna have bitcoins of both branches big plain gold and Bitcoin well now dude what value do they have do they always have the same value no well people most likely accept Bitcoin to be the real Bitcoin and the most valuable either and the new for called Bitcoin gold will have some value how much value that is we don’t know I mean it took a while for Bitcoin cash a similar project to find its value and it’s gonna be exactly at the same thing for a Bitcoin Gold the thing is of course Bitcoin cache proved a 14 Bitcoin is successful people will use it even though there’s other all currencies out there people will still use Bitcoin cash and a result this is why Bitcoin gold has such a strong drive forward that also means that anyone who possesses Bitcoin it holds a lot of Bitcoin will also have a lot of Bitcoin gold as well so that’s gonna be a motivation and a drive for these people to want the value of Bitcoin code to go up however that said there are projects like this done in the past and I see it said famously I’ve seen famously at the Bitcoin cash round table that they’ve talked about you know these clones a Bitcoin not being successful two or three years down the road it’s because if everyone keeps doing this it’s gonna be a flood of whatever Bitcoin go Bitcoin cash but Queens over Bitcoin Rio there’s gonna be tons of these fake clones of Bitcoin and that’s why they’re gonna be less and less in value and over time it might be a very little value they don’t they don’t even hit the top charts anymore for a quite market cap the other argument of course is that big goal might offer other advantages that’s not seen in Bitcoin because the mining algorithm is different there might be an alternative it might be an incentive for – to want to do that especially if you’re doing a theory of mining you might move something for hash power over to Bitcoin gold so we’re going to see what’s gonna happen so the summary of what’s gonna happen is that there’s gonna be a new topic coin and if you hold Bitcoin prior to August of 25th you’re gonna have both Bitcoin and Bitcoin gold of course Bitcoin is gonna have the most value and it’s gonna be another for coming up code sake with 2x coming up so there’s gonna be a lot of confusion in a market that’s for sure but the thing is we survive one of these and we did create a new Bitcoin cash out there which does have value so maybe this one won’t you have to guys what do you guys think of Bitcoin gold in this project do you think a different algorithm is something that’s interesting and that you might look towards what do you think thank you guys so much for watching this video remember to subscribe and hit that notification button to be part of the notification squad guys thank you guys so much for watching see you next time